Is It Possible To Get Personal Loan Without Bank Statement Or Documents?

You cannot get benefits from the bank without a bank statement or documents. Well, it’s an unsecured loan that provides funds to salaried or self-employed individuals with minimal documents. But for a secured loan you need to submit security like property documents, own jewelry, proper bank statement, and documents because it shows your payback credibility. You can borrow the fund for any purpose and on set time need to pay amounts.

However, one of the advantages of the unsecured facility doesn’t require security. Through an online service easily can get and fulfill the desires. You can get the instant amount, attractive interest rate, and flexible tenure. The purpose to get the personal loan would be wedding, study, holiday and more. If you want a personal loan without bank statement, personal loan without documents it’s not possible for that need to provide security.

How Much Time Will Take To Get Approval For A Personal Loan?

It’s an unsecured service means you can get instant approval with minimal documents. Need to match a few factors such as age, income, and KYC. A salaried or self-employed both can get this facility. For a salaried individual age limit should between 21 to 58 years, minimum work experience one-year, and minimum income Rs 20,000 (monthly). For a self-employed 24 to 65 years age limit, three years minimum work experience, and Rs 1 lakh (annual).

After the submission, it will depend on you and the bank. When shared all details are correct according to the bank, then easily through an online service can apply. Visit the official site and select your offer related product. Fill the application form along with KYC, share registered email ID or mobile number and a recent passport size photograph.

Is It True They Provide Extra Advantages?

You should check different banks personal loan interest rate as well as know how EMI calculator works. Both factors are like the joint account. If the bank gives a low-interest rate, so how can you estimate your monthly EMI and for the high-interest rate?

See, personal loan EMI calculator is free to use the tool. Need to add amount, tenure and interest-rate details and within a second will show the monthly EMI amount which pays to the lender.

If we talk about interest-rate, so each bank provide rate according to their market value. We will discuss the top five bank’s interest rate.

SBI: Interest rates 10.75% to 15.15% and up to Rs 15 lakhs

HDFC Bank: Interest rates 11.25% to 21.25% and loan amount for a salaried up to Rs 25 lakh or self-employed up to Rs 15 lakhs

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